Chinese search engine Baidu Inc. has set up a blockchain subsidiary in Beijing on Wednesday, China’s National Enterprises Credit Information Publicity System shows. Baidu’s subsidiary Beijing Dinglu Zhongyuan Technology has injected RMB50 million (US$7.3 million) to set up Dulian Internet Technology (Hainan) Ltd. Baidu’s Vice President Xiang Hailong will become the president of the new company. Dulian focuses on research and development of blockchain technology as well as technology transfer and application. Blockchain technology can be applied in various industries. …

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